January 28, 2011 [Petrol Storage Broker] - Miami-Barclays Gedi Group, LLC will develop a 2 million cubic meter multipurpose liquid bulk storage terminal in the centre of The Caribbean in the North of the Dominican Republic.
The terminal will be developed for multipurpose use for all products. Petrol Storage Broker LTD has been appointed for the coordination from the first until the last phase of the whole development of this 2000 acres sized terminal as well as for the sales and marketing towards suppliers.
It will be the most modern equipped terminal in the Caribbean, with high speed throughput facilities. The terminal will be operated and implemented by the Petrol Storage Broker “zero” demurrage technique.
Vessels up to VLCC-size will be able to load and unload their cargos.
The total location is large enough for future expansion of the storage capacity up to 4 to 6 million cubic meters or for the development of a refinery.
The estimated operational start of the terminal will be in the first quarter of 2013.
